AVAILABLE RENTAL HOUSING NUMBERS DECREASING AS PRICES RISE

Nov 28, 2018

By Michael Kramer

Share on

Canada Mortgage Housing Corporation says the overall rental housing vacancy rate has dipped to 2.4 per cent – from three per cent last year – and that’s the second straight decline – with demand for rental housing growing at a faster pace than supply.

The news is part of C-M-H-C’s annual rental market survey – which found that the number of occupied units increased by 2.5 per cent last month – compared with an increase of 1.9 per cent – in the same month last year.

The report looked at purpose-built rental units and condo apartments available for rent – and also found that the average rent for a two-bedroom apartment jumped by 3.5 per cent year over year. That’s higher than the inflation rate during this period.

Advertise With Us

To learn about advertising opportunities with Zoomer Radio use the link below:

Join Our Fan Club
Coverage Area
Downtown Toronto
96.7FM
Toronto HD
96.3 HD-2
Kingston to Windsor, Parry Sound to Pittsburgh
AM740
ZoomerRadio Logo

Recently Played: